FBD expects to outperform expectations

Financial service group FBD has said it continued to trade strongly in the second half of the year and was "on course to deliver a full-year operating earnings performance somewhat ahead of the market's expectation".

The year to date performance in equity markets has impacted positively on FBD's short-term fluctuations in investment returns and consequently on pre-tax profit, the company said today in a statement to the Irish Stock Exchange.